Merit Financial Group LLC grew its stake in shares of Invesco S&P 500 Revenue ETF (NYSEARCA:RWL – Free Report) by 322.5% in the 4th quarter, HoldingsChannel reports. The fund owned 167,218 shares of the company’s stock after purchasing an additional 127,642 shares during the quarter. Merit Financial Group LLC’s holdings in Invesco S&P 500 Revenue ETF were worth $16,374,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently made changes to their positions in the company. Creekmur Asset Management LLC bought a new position in shares of Invesco S&P 500 Revenue ETF during the third quarter worth approximately $29,000. Abound Wealth Management acquired a new position in Invesco S&P 500 Revenue ETF in the 4th quarter valued at $37,000. GoalVest Advisory LLC bought a new position in Invesco S&P 500 Revenue ETF during the 3rd quarter worth $65,000. Glass Jacobson Investment Advisors llc lifted its holdings in shares of Invesco S&P 500 Revenue ETF by 59.4% during the third quarter. Glass Jacobson Investment Advisors llc now owns 1,111 shares of the company’s stock worth $109,000 after buying an additional 414 shares in the last quarter. Finally, Huntington National Bank lifted its holdings in shares of Invesco S&P 500 Revenue ETF by 8.1% during the third quarter. Huntington National Bank now owns 1,672 shares of the company’s stock worth $164,000 after buying an additional 125 shares in the last quarter.
Invesco S&P 500 Revenue ETF Stock Performance
RWL stock opened at $101.62 on Friday. Invesco S&P 500 Revenue ETF has a 52 week low of $83.66 and a 52 week high of $104.39. The company has a market capitalization of $3.45 billion, a PE ratio of 18.52 and a beta of 0.73. The company’s 50-day simple moving average is $100.89 and its 200 day simple moving average is $97.81.
Invesco S&P 500 Revenue ETF Profile
RevenueShares Large Cap ETF (the Fund) seeks to achieve its investment objective of outperforming the total return performance of the S&P 500 Index (S&P 500) by investing in the constituent securities of the S&P 500 in the same proportions as the RevenueShares Large Cap Index. The Fund consists of the same constituent securities as the S&P 500.
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